Polyester Filament Yarn Prices December 2023
Product
|
Category |
Region |
Price |
Polyester Filament Yarn |
Specialty Chemical |
USA |
1382 USD/MT (PFY 150D/48F) |
Polyester Filament Yarn |
Specialty Chemical |
China |
1126 USD/MT |
Polyester Filament Yarn |
Specialty Chemical |
Germany |
1272/MT (PFY 150D/48F) USD/MT |
In Q4, in the USA the polyester filament yarn market has shown a bearish trend with a gradual decline in prices as compared to the same quarter of the previous year. There was a slight increase as compared to the previous quarter. There was no notable change in prices between the first and second half of the quarter. The price of polyester filament yarn in the United States was 1382 USD/MT at the end of December 2023.
The price of polyester filament yarn in China for the fourth quarter of 2023 reached 1126 USD/MT in December. The shutdown of Fujia Dahua Petrochemical's Paraxylene plant in Dalian, China added a layer of volatility to the polymer filament yarn market.
In Germany, the polymer filament yarn market witnessed a bearish trend due to the invasion of imports from China. The price of polymer filament yarn in Germany reached 1272 USD/MT in December 2023 with no plant shutdown reported.
Polyester Filament Yarn Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Polyester Filament Yarn Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data”, offers an in-depth analysis of polyester filament yarn pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing polyester filament yarn price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Polyester Filament Yarn Market Analysis
The global polyester filament yarn market size reached 73.8 Million Tonnes in 2023. By 2032, IMARC Group expects the market to reach 118.4 Million Tonnes, at a projected CAGR of 5.40% during 2023-2032.
- The global expansion of industrial and automotive sectors significantly propelled the market demand for polyester filament yarn (PFY). In industries like automotive manufacturing, polyester filament yarn is a highly sought-after product for its durability and performance. As per The Automotive Component Manufacturers Association of India, the current airbag manufacturing capacity in India is 22.7 million. It is slated to increase to 37.2 million in the year 2022. The growth in airbag manufacturing is propelling the polymer filament yarn market growth.
- Polyester filament yarn is a highly sought-after product in the textile industry because of its versatility and its blending capabilities. The chemical structure of polyester filament yarn allows it to be easily combined with other fibers both synthetic and natural to produce a hybrid fabric that capitalizes on the strengths of each component. According to a report published by CEIC, India’s consumption of polyester filament yarn in the year 2018 reached 544,000,000 kilograms marking a notable increase from 460,000,000 kilograms in 2017. This reflects a year-on-year growth and highlights the expanding demand for polyester filament yarn in India's textile sector. The expanding textile sector is driving the polyester filament yarn market across the world.
- Polyester filament yarn is mainly favored in the fast fashion industry because of its cost-effectiveness and rapid production capabilities. Polyester filament yarn's synthetic nature allows for a streamlined manufacturing process which is important for quick turnover rates demanded by fast fashion brands. This enables these brands to respond swiftly to the latest trends and market demands, by keeping their collections up to date at relatively low costs. The alignment with both industry and consumer preferences significantly drives the polyester filament yarns market growth.
Polyester Filament Yarn News
The report covers the latest developments, updates, and trends impacting the global polyester filament yarn market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polyester filament yarn production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.
Latest developments in the polyester filament yarn industry:
- In 2024, Indorama Ventures, a global sustainable chemical producer, successfully raised US$255 million through a sustainability-linked Ninja loan facilitated by Mizuho Bank. This refinancing initiative, achieved at lower spreads than the previous issuance in 2020, is part of the company's broader strategy to strengthen its capital structure and optimize operations in a prolonged environment of higher interest rates. The proceeds will be utilized to refinance $750 million for 2024 and $400 million for 2025, as announced under the company's IVL 2.0 business strategy.
- In 2023, Toray Industries, a global material manufacturer, is expanding its European carbon fiber production facilities in France, aiming to increase production capacity for regular tow medium- and high-modulus carbon fiber products.
Product Description
Polyester filament yarn (PFY) is a type of synthetic yarn generally made from polyester. Polyester filament yarn is derived from petrochemical products through a process called polymerization. It is gradually used in the textile industry because of its versatility, durability, and resistance to stretching and shrinking. Polyester filament yarn comes in two main types which are partially oriented yarn (POY), mainly used as a feedstock for texture or draw texturizing to make textured yarn, and fully drawn yarn (FDY) which is ready to be woven or knitted into fabrics without further processing. Polyester filament yarn is mainly known for its high strength, excellent dimensional stability and smooth texture which makes it ideal for a wide range of applications including apparel fabrics, home furnishing, automotive interiors, and industrial uses.
Regional Coverage
The report provides a detailed analysis of the polyester filament yarn market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.
Global Polyester Filament Yarn Price
The report offers a holistic view of the global polyester filament yarn pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe Polyester Filament Yarn Price
The Polyester filament yarn (PFY) market in Europe faced challenges due to low demand, abundant supply, and high production costs. The global economic slowdown and evolving consumer preferences for sustainable products also contributed to subdued demand. In Germany, the market witnessed a bearish trend due to imports from China, reduced raw material prices, and decreased demand from downstream textile players. This trend is expected to persist in the coming weeks.
This analysis can be extended to include detailed polyester filament yarn price information for a comprehensive list of countries.
Region |
Countries Covered |
Europe |
Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Polyester Filament Yarn Price
Polyester filament yarn (PFY) prices in North America declined in Q4 2023 due to reduced demand from the textile industry caused by the global economic slowdown. In the USA, fluctuations in demand, inflationary pressures, and supply expansions led to a bearish market scenario. Disruptions in global supply chains and anticipated increases in production costs are also expected to impact PFY prices. The market exhibited a decline in prices as compared to the same quarter of the previous year.
Specific data on polyester filament yarn prices within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Polyester Filament Yarn Price
The report explores the polyester filament yarn pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on polyester filament yarn prices for countries can also be provided.
Region |
Countries Covered |
Middle East & Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Polyester Filament Yarn Price
The polyester filament yarn (PFY) market in the APAC region showed a mixed performance in Q4 2023 due to fluctuating demand from downstream textile industries in Europe and North America. Despite an initial dip in PFY prices, there was a subsequent resurgence driven by robust demand from lining fabric manufacturers and increased sales of downstream velvet and imitation super-soft fabric. The market was further impacted by weak demand and the shutdown of a Paraxylene plant in China, leading to volatile prices.
This analysis can be further extended to include detailed polyester filament yarn prices for a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Polyester Filament Yarn Price
The analysis of polyester filament yarn prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Polyester Filament Yarn |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece*
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of polyester filament yarn pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting polyester filament yarn price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the polyester filament yarn industry.